ZPRP.DE vs. SPPW.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - ZPRP.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed Europe ex UK, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, ZPRP.DE returned -4.33%/yr vs 13.03%/yr for SPPW.DE. At a 0.45 correlation, their price movements are largely independent. ZPRP.DE charges 0.30%/yr vs 0.12%/yr for SPPW.DE.
Performance
ZPRP.DE vs. SPPW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRP.DE achieves a -0.81% return, which is significantly lower than SPPW.DE's 10.85% return.
ZPRP.DE
- 1D
- 0.56%
- 1M
- -1.34%
- YTD
- -0.81%
- 6M
- -0.50%
- 1Y
- -2.34%
- 3Y*
- 9.93%
- 5Y*
- -4.33%
- 10Y*
- 0.99%
SPPW.DE
- 1D
- -0.31%
- 1M
- 4.83%
- YTD
- 10.85%
- 6M
- 11.34%
- 1Y
- 23.90%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
ZPRP.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | -0.81% | 6.98% | -2.34% | 19.03% | -36.37% | 10.87% | -6.56% | 19.03% |
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
Correlation
The correlation between ZPRP.DE and SPPW.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.45 |
The correlation between ZPRP.DE and SPPW.DE shifts across timeframes, from 0.34 (3 years) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRP.DE vs. SPPW.DE — Risk / Return Rank
ZPRP.DE
SPPW.DE
ZPRP.DE vs. SPPW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) and SPDR MSCI World UCITS ETF (SPPW.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ZPRP.DE | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.40 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 3.66 | -3.81 |
| Martin ratioReturn relative to average drawdown | -0.41 | 14.69 | -15.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPRP.DE | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.16 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.92 | -1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.86 | -0.78 |
Drawdowns
ZPRP.DE vs. SPPW.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, which is greater than SPPW.DE's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and SPPW.DE.
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Drawdown Indicators
| ZPRP.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -33.69% | -15.00% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -6.51% | -8.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -21.62% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -21.62% | -27.07% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | — | — |
Current DrawdownCurrent decline from peak | -26.29% | -0.31% | -25.98% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -4.43% | -12.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 1.63% | +4.12% |
Volatility
ZPRP.DE vs. SPPW.DE - Volatility Comparison
SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a higher volatility of 5.34% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.70%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than SPPW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRP.DE | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 2.70% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 7.62% | +5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 11.11% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 14.06% | +8.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 16.08% | +3.69% |
ZPRP.DE vs. SPPW.DE - Expense Ratio Comparison
ZPRP.DE has a 0.30% expense ratio, which is higher than SPPW.DE's 0.12% expense ratio.
Dividends
ZPRP.DE vs. SPPW.DE - Dividend Comparison
Neither ZPRP.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRP.DE and SPPW.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for ZPRP.DE.
ZPRP.DE is categorized as REIT, while SPPW.DE is Global Equities. ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while SPPW.DE tracks MSCI World. Their fees differ too: 0.30% for ZPRP.DE and 0.12% for SPPW.DE.
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